Long steel demand improves in Egypt on new regulations

Demand for long steel products in Egypt improved slightly during the week ended Thursday May 19 after the obligation to use Letter of Credit for imports of raw material and industrial input was removed.

The Letter of Credit obligation was imposed at the beginning of March for goods whose value was more than $5,000. Import demand in the country also improved during the week....


Serife Durmus

May 19, 2022

13:21 GMT